Unisys(US:UIS)2025-11-06 13:00Financial Performance - 3Q25 revenue was $460 million, a 90% year-over-year decline in constant currency, primarily due to the timing of License & Support ("L&S") software renewals[7] - Ex-L&S revenue was $377 million, down 58% year-over-year in constant currency, mainly due to delayed hardware revenue, field services volumes in Digital Workplace Solutions, and public sector volumes in Cloud, Applications & Infrastructure Solutions[7] - 3Q25 gross profit was $117 million, with a 255% gross margin, down from 292% in the prior year, due to L&S renewal timing[7] - The company reported a 3Q operating loss of ($335 million) and a non-GAAP operating profit of $248 million, representing a 54% margin[8] Sales Metrics - Total contract value (TCV) reached $415 million, a 15% year-over-year increase, with $129 billion of TCV year-to-date, up 8% year-over-year[8] - New business TCV was $124 million, down (29%) year-over-year but up +2% sequentially; New Business TCV +2% year-to-date[8] - Trailing twelve months (TTM) book-to-bill for total company and ex-L&S solutions was approximately 11x, with a backlog of $28 billion, flat year-over-year[8] Updated Financial Guidance - Full-year 2025 constant currency revenue growth is projected to be (40%) to (30%), previously (10%) to 10%[24] - Non-GAAP operating profit margin is expected to be 80% to 90%[24] - The company anticipates approximately $430 million in reported L&S revenue, compared to the original expectation of $390 million at the beginning of the year[26]